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12724 Cedar Hollow Drive Fort Worth, TX 76244

4 Beds 2 Baths 2,086 sqft Built 2007

$240,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $115.05
  • 3 Days on Market
  • MLS # : 14484444
  • Updated Date : 12/11/2020 at 08:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,086 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

OPEN HOUSE ON SAT DEC 12 FROM 11-1. Completely move-in-ready with brand new flooring and paint. Feels like a new home. Spacious 1-level 4 bedroom, 2 bath home located in award-winning Keller ISD. Large living room-dining room combo with neutral paint colors, plenty of natural light. Bedrm off entryway could be used as an office. Roomy kitchen with Corian countertops, black appliances, built-in desk, and plenty of room for a dining table. Second living area off kitchen. Primary suite features garden tub, separate shower, extra large vanity, and walk-in closet. 3 additional bedrooms and bath complete the home. Centrally located close to schools, shopping, dining, and entertainment. Don't let this one pass you by!

SEE MORE

MARKET HIGHLIGHTS

  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
  • Dallas metro's economy is worth $579 billion in Gross Metro Product and projected to grow to $613 billion in 2019 (USMayors.org, 2018)
  • Home to 20 Fortune 500 headquarters, 39 Fortune 1000 headquarters and 12 of Forbes' top private companies (Fortune)
  • Dallas metro contributes to 31.9%% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • Dallas metro has 67.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Timberland

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k336k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Timberland

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9192171

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Ridgeview Elementary School Primary Regular 634 42 9
Trinity Springs Middle School Middle Regular 1,061 62 8
Timbercreek High School High Regular 2,957 160 8

Ridgeview Elementary School

  • Education Level: Primary
  • # of students: 634
  • # of teachers: 42
9
GreatSchools Rating

Trinity Springs Middle School

  • Education Level: Middle
  • # of students: 1,061
  • # of teachers: 62
8
GreatSchools Rating

Timbercreek High School

  • Education Level: High
  • # of students: 2,957
  • # of teachers: 160
8
GreatSchools Rating
 

$216,000$264,000$240,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$886
Property Tax -$550
Property Insurance -$148
HOA -$23
Property Management Fees -$99
CASH FLOW
$35

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$240,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.73%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,350

INVESTMENT

$69,350

Down Payment
$60,000
Rehab Estimate
$5,750
Closing Costs
$3,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$886

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $60,000
Loan Amount $180,000
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$14,961

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,740

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,737

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,690
1$1,6902$1,6993$1,7404$1,7505$1,850
$1,850
RENT COMPS ANALYSIS
  • 12724 Cedar Hollow Drive Fort Worth, TX 3
    • 4 beds 2 baths ∙ 2,086 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,086 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.83
    •  
  • 4628 Mountain Oak Street Fort Worth, TX 1
    • 4 beds 2 baths ∙ 2,105 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,105 Sqft ∙ Built 2007
    property image
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.80
    •  
  • 4608 Mountain Oak Street Fort Worth, TX 2
    • 4 beds 2 baths ∙ 2,099 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,099 Sqft ∙ Built 2007
    property image
    LEASED 01/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.81
    •  
  • 12721 Cedar Hollow Drive Fort Worth, TX 4
    • 4 beds 2 baths ∙ 2,105 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,105 Sqft ∙ Built 2007
    property image
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.83
    •  
  • 12657 Mourning Dove Lane Fort Worth, TX 5
    • 4 beds 2 baths ∙ 2,085 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,085 Sqft ∙ Built 2008
    property image
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.89
    •  
PROPERTY LISTING DETAILS
Charles Brown
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14484444
Last Updated: 12/11/2020
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